Belimo Holding AG
Belimo Holding AG: Profitable Growth with Impact
Belimo Holding AG / Key word(s): Annual Results Hinwil (Switzerland), EMBARGOED UNTIL March 9, 2019, 07:00 a.m. CET Press Release of the Belimo Group Belimo: Profitable Growth with Impact 2019 was an excellent year for Belimo. Amidst a more uncertain overall macro-economic environment, the Company once again achieved outstanding sales performance and generated above-average growth. Belimo once again increased its profitability in 2019 and achieved an operating income (EBIT) of The Board of Directors proposes a dividend of CHF 150.00 per share at the 2020 Annual General Meeting. Europe. Belimo Group registered net sales of CHF 328.8 million in its largest market region, which corresponds to a growth of 3.6 percent, or 6.8 percent on a currency-adjusted basis in comparison with 2018. Supported by an uninterrupted trend towards increasing regulatory requirements for building efficiency, the heating, ventilation and air conditioning (HVAC) market in Europe saw solid growth in 2019. Americas. In the Americas market region, the Group increased its sales to CHF 272.8 million, representing a growth of 12.3 percent in Swiss francs, or 11.0 percent on a currency-adjusted basis, further establishing the position of Belimo as a market leader. Healthy economic growth in the US and Canada translated into positive market conditions for the region. In the US and Canada in particular, 2019 has been a highly successful year for Belimo with excellent growth rates of 11.4 percent and 18.9 percent, respectively. All segments recorded significant growth in prior-year comparison, with the performance of products for water applications such as the Belimo Energy Valve(TM) markedly ahead of air applications. Asia Pacific. In the Asia Pacific market region, Belimo recorded CHF 91.1 million in sales, corresponding to a gratifying growth of 10.7 percent, or 12.7 percent on a currency-adjusted basis, in an increasingly difficult market environment. Growth momentum picked up in the second half of 2019, resulting in a higher all-year performance. Net Sales by Market Regions
Growth Strategy and Innovation. Belimo also continued to pursue its growth strategy in 2019 with the four strategic initiatives and pressed ahead with its research and development activities accordingly. Grow Existing Business with Actuators and Valves. Belimo has further established its market share and broadened its product portfolio. While both air (actuators) and water (control valves) applications reported steady growth, the valve segment, in which Belimo has a lower market share in comparison with actuators, grew at a gratifyingly strong rate. Enter Sensor Business. Sensors are a key technology for achieving a favorable room climate and optimizing the use of energy. They measure temperature, humidity, pressure, air quality, air flow or energy in rooms, air ducts and pipes. Belimo launched pipe and duct sensors as its first product range in 2017. Since then, the Company has continued to expand its offering, while further experiencing strong sales growth in the segment. Belimo sensors are now well-accepted in the industry – thereby further strengthening the positioning of Belimo as a one-stop shop for all field devices. Net Sales by Applications
Outlook 2020. Belimo continues to be confident of its markets, but nonetheless expects a revenue growth slightly below the five-year average. Overall, the long-term outlook remains positive, as the main drivers of growth in form of megatrends remain unchanged. Increased uncertainty, however, has a dampening effect on the short-term and mid-term outlooks. The US construction market remains to be strong, albeit late-cycled. Belimo anticipates stable market development in most European countries. The economy in certain European countries, however, remains challenging, e.g. in Germany and Great Britain. With the Energy Performance of Buildings Directive (EPBD) of the European Union coming into effect in 2020, an increased demand for building automation in European countries is anticipated in the years ahead. In Asia Pacific, the outbreak of the Coronavirus is likely to affect sales revenues, especially in China. A major strain on the global economy continues to be the U.S.-China trade conflict, with potential negative ramifications for overall economic conditions. In Europe, continuing Brexit-related uncertainties may have negative impacts on the regional economy. In addition, currency risks persist. Despite a lower expected growth rate for 2020, Belimo continues to invest in its growth initiatives.
* Proposal to the Annual General Meeting on March 30, 2020. The shares of BELIMO Holding AG have been traded on the SIX Swiss Exchange since 1995 (BEAN).
There will be a Media and Financial Analysts Conference on the 2019 financial statements at the WIDDER HOTEL in Zurich (Switzerland) today, starting at 10:00 a.m.
Additional features: Document: https://eqs-cockpit.com/c/fncls.ssp?u=SPKFIRGRPJ Document title: Press release – March 9, 2020, Belimo: Profitable Growth with Impact End of ad hoc announcement |
Language: | English |
Company: | Belimo Holding AG |
Brunnenbachstrasse 1 | |
8340 Hinwil | |
Switzerland | |
Phone: | +41 43 843 63 80 |
Fax: | +41 43 843 62 41 |
E-mail: | ir@belimo.ch |
Internet: | www.belimo.com |
ISIN: | CH0001503199 |
Listed: | SIX Swiss Exchange |
EQS News ID: | 989327 |
End of Announcement | EQS Group News Service |